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Richard Layard is one of Britain's foremost applied economists, whose work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on the subject of unemployment. It is published along with a companion volume Inequality, which deals with these topics and with economic transition. Unemployment explains what causes unemployment and proposes remedies to reduce it. There is a strong focus on how unemployed people are treated and how this affects unemployment - including Layard's well-known recommendation of a job-guarantee for long term unemployed people. Other key topics covered are the effect of unions and wage bargaining, the effect of low skill, and the possible role of rigid employment laws. The book opens with Richard Layard's personal credo Why I became an Economist .
Richard Layard is Co-Director of the Wellbeing Programme at the Centre for Economic Performance, and Emeritus Professor of Economics at the LSE. He is one of the world's leading experts on the economics of wellbeing. He has written six books on the subject including Happiness: Lessons from a New Science (2005; translated into 20 languages). Until 2000 he worked on unemployment, co-writing the leading book Unemployment (1991). He is a member of the Hose of Lords and an active campaigner for better policy-making.
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